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ADNOC and OCP sign long-term sulfur agreement

January 09/2018

MOSCOW (MRC) -- The Abu Dhabi National Oil Company (ADNOC) and the OCP Group of Morocco (OCP) have announced the signing of a long-term sales agreement whereby ADNOC will supply OCP with granulated sulfur, as per Hydrocarbonprocessing.

Under the agreement, ADNOC, the worlds largest exporter of sulfur, will steadily supply OCP, the largest worldwide sulfur importer, until 2025. The two parties agreed to consider a gradual increase of the contracted annual volumes. ADNOC exported more than 2 MMmt of granulated sulfur to Morocco in 2016.

Significant synergies exist between ADNOC and OCP, allowing the two companies to explore various opportunities for a larger cooperation.

As a by-product of its sour gas operations, ADNOC and partners produce more than 6 MMtpy of sulfur, exporting it to customers from its state-of-the-art sulfur handling facilities in Ruwais. The amount of sulfur available for export will increase over the next decade as ADNOC and partners brings new sour gas projects on line, as part of its plans to achieve gas self-sufficiency by 2030.

As MRC wrote before, in May 2017, ADNOC and OMV signed an agreement, which ment that ADNOC will work together with the Austrian producer OMV to help grow Adnocs downstream businesses. The memorandum of understanding, signed in the presence of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the Austrian chancellor Christian Kern, covers cooperation on new downstream projects, refining operations, refinery-petrochemical integration and optimisation, and technical and maintenance support.
Author:Margaret Volkova
Tags:car components, petrochemistry, ADNOC, OMV, United Arab Emirates (UAE).
Category:General News
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